Is the S&P 500 Still Uninvestable? (VIDEO)
Alhambra CEO Joe Calhoun explains why Alhambra still isn't invested in the S&P 500.
Weekly Market Pulse: Is The S&P 500 Still Uninvestable?
Note: This will be my last commentary this year. I plan to spend December thinking about next year and spending some much-needed time with family. Here's wishing you all a Happy Holiday season. Joe Calhoun Two years ago, I wrote a weekly commentary titled Who's The Sucker, in which I made the case that the S&P 500 was not a [...]
Weekly Market Pulse: Some Things To Be Thankful For
We have a lot to be thankful for here in the US of A. It is sometimes hard to remember that while being constantly bombarded by negative news, about the economy and the country more generally. I don't like to comment about politics - I have to watch my blood pressure these days - so I'll stick to economics and [...]
Weekly Market Pulse: Has Inflation Really Peaked?
Stocks, REITs, and bonds all rallied last week on the back of what was interpreted as good news on inflation. The CPI report was better than expected, the overall level flat from September to October. Core inflation, less food and energy, was also better than expected at up 0.2%. Producer prices, reported the day after CPI were even better, coming [...]
SPECIAL REPORT: Debt, Deficit, & Interest Expense (VIDEO)
Alhambra CEO Joe Calhoun discusses investor fear over debt, deficit, and interest expense.
Weekly Market Pulse: Dark Matter
It's the residual of all the stuff we can't explain. It's not that our models are wrong, it's the dark matter that's out there. - Fed Governor Neel Kashkari, referring to the "term premium" in long term Treasury yields The curious task of economics is to demonstrate to men how little they really know about what they imagine they can [...]
Weekly Market Pulse: Monetary Policy Is Hard
So, is that it? Have rates peaked? Is the long bear market finally over? The market decided last week that interest rates have peaked for this cycle. And if rates have peaked then all the assets that have been pressured over the last two years can finally come up for air. Since October 18, 2021, over two years ago, investors [...]
Weekly Market Pulse: Follow Buffett’s Rule
A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful. - Warren Buffett, October 16, 2008, Buy American. I Am. , New York Times That was a month after the bankruptcy filing of Lehman Brothers, in the teeth of the Great Financial Crisis. At the beginning of the article he admits that [...]
Weekly Market Pulse: An Ego Driven Fed
Well, I finally got it. I've been fighting COVID for the last week and while most of my symptoms have improved, I am not 100% yet. My goal from the beginning of COVID was to avoid it, if at all possible, until it became endemic and less lethal. It seemed logical to me, a layman, that it would follow this [...]
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